ONEOK Inc (OKE)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.09 | 7.63 | 13.18 | 9.20 | 7.10 | |
| Number of days of payables | days | 59.97 | 47.85 | 27.70 | 39.68 | 51.38 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.09
= 59.97
ONEOK Inc's number of days of payables has shown fluctuations over the past five years. As of December 31, 2020, the company had an average payment period of 51.38 days, which decreased to 39.68 days by December 31, 2021. The payables period further decreased significantly to 27.70 days by December 31, 2022, indicating the company was paying its suppliers more quickly.
However, this trend reversed by December 31, 2023, as the number of days of payables increased to 47.85 days, suggesting a slower payment to suppliers. By December 31, 2024, the payables period reached 59.97 days, indicating an even longer time taken by the company to settle its payables.
The fluctuations in the number of days of payables suggest changes in ONEOK Inc's payment policies or the efficiency of its working capital management. It is crucial for stakeholders to monitor these trends to assess the company's liquidity and vendor relationships effectively.
Peer comparison
Dec 31, 2024